Global geocomposites market is anticipated to grow at a significant CAGR of 11.8% during the forecast period (2024-2031). The rising need for infrastructure development especially in emerging economies is a significant driver for the geocomposites market. According to the World Bank, global infrastructure spending is projected to reach $9.0 trillion annually by 2040, creating a robust demand for geocomposites in road construction, bridges, and tunnels. Additionally, the demand for housing and transportation infrastructure rises with rapid urbanization and population growth. According to the United Nations, it is projected that by the year 2050, around 68.0% of the global population will live in urban regions. This shift in the population highlights the necessity for geocomposite solutions to solve the issues related to urban expansion and environmental preservation.
Browse the full report description of “Geocomposites Market Size, Share & Trends Analysis Report by Type (Geonet, Geocore, Geogrid, and Geomembrane), by Application (Water & wastewater management, Road & highway, Landfill & mining, and Soil reinforcement for civil construction), and by Industry Vertical (Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverages, and Healthcare) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/geocomposites-market
Geocomposites in various infrastructure sectors aligns with the global movement towards sustainability. From road construction and landfill management to disaster resilience and climate adaptation, geocomposites play a pivotal role in addressing environmental challenges and meeting stringent regulations. These trends are driving market growth and reshaping the landscape of infrastructure development. Furthermore, sustainable infrastructure practices are gaining momentum globally, reflecting a growing trend towards green building and environmentally friendly construction materials.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Application
o By Industry Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes ABG Ltd, GSE Environmental, Tenax Group, and Terram Geosynthetics Private Limited among others.
Key questions addressed by the report.
Global Geocomposites Market Report Segment
By Type
By Application
By Industry Verical
Global Geocomposites Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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